The private pilot had just departed in his tail wheel equipped airplane from a 6,000-foot-long asphalt runway, and was attempting to land back on the runway. The airplane subsequently bounced and the pilot reduced power and tried to make a three-point landing, but the airplane was not properly aligned with the runway. The airplane then veered off the runway, ground-looped and flipped inverted. The airplane sustained substantial damage to the vertical stabilizer and left wing. The pilot reported that there were no mechanical deficiencies with the airplane or engine.