The pilot in the right seat stated that he was the "flying pilot" at the time of the accident. The flight proceeded normally in instrument meteorological conditions and the VOR-A approach was flown. Visual contact with the airport was made between 1 and 2 miles from the airport, and the pilot circled to land on runway 14. When he was between 200 and 300 hundred feet AGL, he corrected his turn to final with a "slightly aggressive bank angle" while simultaneously reducing power, resulting in an excessive sink rate. He rolled the wings to level and increased power. He was not able to arrest the sink rate before the aircraft impacted the runway. The impact collapsed the left main landing gear and caused the airplane to swerve left. The airplane came to rest approximately 1000 feet beyond the threshold off the left side of the runway. The "flying pilot" had 20 hours in the make and model of the accident aircraft as pilot in command (PIC), with 3 hours being in the preceding 90 days. The nose landing gear, right landing gear, left nacelle, wing and wing control surfaces also sustained damage during the accident sequence as the airplane departed the runway.