The trust last week released its financial statement to the end of March at a public meeting attended by four people.
The trust earned $426,072 (total income, including interest, less cost of sales) and spent $407,231, leaving an operating profit of $18,841.
Bad debts accounted for $12,000 and resulted from the collapse of Queenstown sponsor Western Pacific Insurance following the Canterbury earthquakes, owing its creditors more than $30 million.
Race director Victoria Murray-Orr acknowledged last week the liquidation of Western Pacific Insurance had hurt the trust but had not put the event in danger.
"We will just have to fill the gap. But the event has not been compromised ... That is where the support of the community is really important and why the legacy sponsorship programme is important. We already have five [businesses signed up] and are hoping to fill our quota of 10 before the event," Mrs Murray-Orr said.
Grant applications have been made to trusts, with announcements due at the end of this month or early next month.
New developments for next year's race include a giant public television screen at the finish line that would show live progress of the race throughout the day.
The footage would also be streamed live on the internet to an international audience.
A Smart Phone application is also being developed and improvements are under way for the volunteers' programme.
Challenge Wanaka's biggest income came from entry fees ($273,288 total for full and half challenge races), sponsorship ($81,239) and grants ($23,003).
The biggest expenses were prize money ($68,985), gear hire ($42,468), consultancy and race administration fees ($39,348) and traffic management and road closure costs ($34,637).
The event donated a total of $9000 to the Upper Clutha Children's Medical Trust, Rotary and the Upper Clutha Rugby Club.
Volunteers Ben Suncin, Dave Strang and Liz Webster made several suggestions for improvements next year.
